06/11/2008

Dunnes Managers Expect "Significant Announcement"

Speculation over the rumoured takeover of Dunnes Stores by the British supermarket chain Asda have shifted up a gear following an unscheduled management briefing. According to reports on Thursday morning, Dunnes Stores management were briefed to expect a "significant announcement" today, although any details are yet to emerge.

Dunnes and Asda have both refused to comment on the takeover speculation, but Dunnes did announce last night that it was creating 169 jobs at a new store in Tipperary.

Asda is the UK incarnation of US retailer Wal-Mart, and all parties involved in the rumours declined to comment on the possible deal.

(DW)


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